Economist and former federal Liberal leader John Hewson has criticised the Future Fund – Australia’s largest – for the way it manages, or fails to manage, the risks of climate change to its $75 billion portfolio. Hewson chairs the Asset Owners Disclosure Project, an organisation encouraging funds to recognise the long-term risks of climate change – both in policy terms and its physical events.
The AODP says a Freedom of Information search conducted two years ago found that climate change had not been mentioned in any of the board meetings of the Future Fund, and it was still refusing to provide stakeholders with clarity about its strategies to protect its portfolio because of “resource constraints”...............................................Full Article: Source